Yesterday’s announcement by the Fed that it would be dropping interest rates another .75%, combined with the beating the stock markets are taking has driven long-term mortgage rates as low as they’ve been in years. We’re seeing 15-year fixed rates down around 4.375% at par, and 30-year fixed mortgage rates in the mid to high [...]

If you’ve been waiting for the right time to get into a 30-year fixed-rate mortgage, now may be as good a time as any. You should notice the new Freddie Mac interest rate survey data toward the left side of the screen. We added that to keep you informed of interest rates, updated weekly.